// Back in February, you know, a couple weeks back or so, we were all so young. People wore masks everywhere, Russia hadn’t invaded Ukraine, and law firms were still paying $396.5 for senior associates. But that’s all changed. Cravath has blown the lid off associate compensation, raising the bar for the third time this year and the rest of Biglaw is furiously catching up.

Back in February, Kramer Levin raised associate comp to keep up with the then-prevailing rate, but times have changed and Kramer Levin is determined to change with them, announcing a match up to the $415K top slot (well, technically $420K for the next class up, but many firms have those lawyers already off the grid).

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Salaries are retroactive to January 1 and will appear in next week’s check.

Congrats.

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Memo on next page.

Please help us help you when it comes to salary news at other firms. As soon as your firm’s memo comes out, please email it to us (subject line: “[Firm Name] Salary”) or text us (646-820-8477). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.

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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

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2022 Associate Salary Increase, Biglaw, Bonus News Alerts, Bonuses, Kramer Levin, Money